Real Estate

Milwaukee area retail market improves in second quarter

After negative absorption of 263,641 square feet of space during the first quarter, the Milwaukee area retail real estate market improved and posted positive absorption of 115,562 square feet of space during the second quarter, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.

Marquette engineering dean departs

Marquette University’s College of Engineering dean, Robert Bishop, Ph.D., has resigned to become dean of the University of South Florida’s College of Engineering.

Mayo questions sale price of O’Donnell Park structure

Milwaukee County Supervisor Michael Mayo Sr. is questioning the proposed $14 million sale of the O'Donnell Park parking structure to Northwestern Mutual Life Insurance Co. Inc., saying it may not generate enough revenue for Milwaukee County.

HellermannTyton seeks $10 million MEDC loan for bigger expansion

HellermannTyton Corp. is seeking a $10 million loan from the Milwaukee Economic Development Corp. for the ongoing expansion of its facility at 6701-11 W. Good Hope Road in Milwaukee.

Historic Tax Credits are good for Wisconsin

On behalf of our nearly 600-strong city and village members of the League of Wisconsin Municipalities, I applaud Gov. Scott Walker lifting the moratorium on the Historic Preservation Tax Credit on buildings certified by the State Historical Society and the National Park Service as “Historic.”

Gifts propel Marquette to build new Jesuit Residence

Marquette University has received two new $1 million gifts, which marks the completion of a nine-month, $15 million fundraising effort to build a new 40,000 square-foot on-campus residence for its community of Jesuit priests.
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East Troy industrial building sold for $6.9 million

 Boston-based STAG Industrial Inc. recently purchased a 149,600-square-foot industrial building at 2761 Buell Dr. in East Troy for $6,935,750, according to state records.

General Capital seeks $3.2 million MEDC loan for Century City building

Fox Point-based real estate development firm General Capital Group is seeking a $3.2 million loan from the Milwaukee Economic Development Corp. for the 53,160-square-foot multi-tenant industrial building that it plans to build in the Century City Business Park. The total cost for the building development is estimated at $4 million.

WEDC to lift historic preservation tax credit moratorium

The Wisconsin Economic Development Corp. will lift the moratorium on the historic preservation tax credit, Gov. Scott Walker announced today.

DOT plans full I-94 closure

The Wisconsin Department of Transportation will fully close I-94 between WIS 100 and the Zoo Interchange from 11 p.m. on Friday, July 18 to 5:30 a.m. on Monday, July 21.

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